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Palm Aire Apartments 6241 N 27th Ave 186 Unit Apartment Building $61,214,399 CAD ($329,110 CAD/Unit) Phoenix, AZ 85017
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Investment Highlights
- Palm Aire Apartments complex is a prime investment opportunity to own a stunning 186-unit garden-style apartment community in Phoenix, Arizona.
- Find a simple unit mix of one- and two-bedroom apartments with well-appointed kitchens, private patios and balconies, and large closets.
- Situated within 1 mile of the prestigious Grand Canyon University, where over 60,000 students are enrolled, producing a dense client base.
- Abundant amenities include pet-friendly apartments, two swimming pools, outdoor barbecue areas, public transportation, and laundry facilities.
- Located less than five minutes from conveniences such as Walmart Supercenter, Target, Starbucks, Wendy's, Food City, Dollar Tree, and Harkins Theater
- Highly accessible location that provides seamless access to Interstate 17, which connects the apartment complex to all of Northwest Phoenix.
Executive Summary
Palm Aire Apartments at 6241 North 27th Avenue is a remarkable investment opportunity to own a garden-style community offering pet-friendly apartments in Northwest Phoenix, within 1 mile of the prestigious Grand Canyon University. The Palm Aire Apartments have 186 one-bedroom and two-bedroom units with various amenities to create the perfect home.
Residents of the apartments enjoy Abundant amenities, including two bean-shaped pools, picnic areas with grilling, bike racks, a spa, and two on-site laundry facilities. The apartment units have fully equipped kitchens, stainless steel appliances, private patios and balconies, large closets, and washer/dryer hookups. The Palm Aire Apartments is gated, with video surveillance and on-site management, creating a secure, crime-free community.
Enjoy direct access to all areas of Phoenix from the apartments through Interstate 17, less than 1 mile away. A wealth of shopping, dining, and entertainment, including Walmart Supercenter, Target, Starbucks, Wendy's, Food City, Dollar Tree, and Harkins Theater, can be found two blocks from the Palm Aire Apartments. Nestled within the North Phoenix neighborhood, the apartments are in a suburban locale with mountain views less than 15 minutes from Downtown. Owner-occupants, tenants, and investors will find that Palm Aire Apartments is a one-of-a-kind destination, ready to deliver a well-maintained multifamily asset.
Residents of the apartments enjoy Abundant amenities, including two bean-shaped pools, picnic areas with grilling, bike racks, a spa, and two on-site laundry facilities. The apartment units have fully equipped kitchens, stainless steel appliances, private patios and balconies, large closets, and washer/dryer hookups. The Palm Aire Apartments is gated, with video surveillance and on-site management, creating a secure, crime-free community.
Enjoy direct access to all areas of Phoenix from the apartments through Interstate 17, less than 1 mile away. A wealth of shopping, dining, and entertainment, including Walmart Supercenter, Target, Starbucks, Wendy's, Food City, Dollar Tree, and Harkins Theater, can be found two blocks from the Palm Aire Apartments. Nestled within the North Phoenix neighborhood, the apartments are in a suburban locale with mountain views less than 15 minutes from Downtown. Owner-occupants, tenants, and investors will find that Palm Aire Apartments is a one-of-a-kind destination, ready to deliver a well-maintained multifamily asset.
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Property Facts
| Price | $61,214,399 CAD | Building Class | C |
| Price Per Unit | $329,110 CAD | Lot Size | 5.05 AC |
| Sale Type | Investment | Building Size | 126,499 SF |
| No. Units | 186 | Average Occupancy | 82% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1982/2016 |
| Apartment Style | Garden | Parking Ratio | 1.85/1,000 SF |
| Zoning | M-H - Multifamily Residence | ||
| Price | $61,214,399 CAD |
| Price Per Unit | $329,110 CAD |
| Sale Type | Investment |
| No. Units | 186 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.05 AC |
| Building Size | 126,499 SF |
| Average Occupancy | 82% |
| No. Stories | 3 |
| Year Built/Renovated | 1982/2016 |
| Parking Ratio | 1.85/1,000 SF |
| Zoning | M-H - Multifamily Residence |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Spa
- Tenant Controlled HVAC
- Grill
- Pet Play Area
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 93 | - | 656 |
| 2+2 | 93 | - | 856 |
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Andes Peruvian Cuisine | - | - | 6 min walk |
| Cafe Di Vang | - | - | 6 min walk |
| Tacos Kissi Mexican Restaurant | Mexican | $ | 7 min walk |
| Great Dragon Restaurant | Chinese | $$ | 9 min walk |
| Wingstop | - | - | 13 min walk |
| Dunkin' | Cafe | - | 13 min walk |
| Whataburger | - | - | 13 min walk |
| Tacos and Tequila Cantina | Mexican | $ | 14 min walk |
| Church's Chicken | - | - | 13 min walk |
| Chayos Antojitos | Frozen Yogurt | - | 14 min walk |
Retail |
||
|---|---|---|
| Bashas' Supermarkets | Supermarket | 7 min walk |
| Family Dollar | Dollar/Variety/Thrift | 13 min walk |
| am/pm | Convenience Market | 14 min walk |
| Circle K | Convenience Market | 13 min walk |
| Family Dollar | Dollar/Variety/Thrift | 14 min walk |
| SuperPawn | Pawn Shop | 15 min walk |
| FirstCash, Inc. | Pawn Shop | 15 min walk |
| 7-Eleven | Convenience Market | 15 min walk |
Hotels |
|
|---|---|
| Sheraton Hotel |
342 rooms
7 min drive
|
| TownePlace Suites |
93 rooms
7 min drive
|
| Courtyard |
146 rooms
7 min drive
|
| Hyatt Place |
127 rooms
9 min drive
|
| DoubleTree by Hilton |
284 rooms
9 min drive
|
| BW Signature Collection |
105 rooms
11 min drive
|
| Sheraton Hotel |
1,003 rooms
14 min drive
|
| Autograph Collection |
279 rooms
14 min drive
|
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $10,683 CAD | Total Assessment | $669,348 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$10,683 CAD
Improvements Assessment
$0 CAD
Total Assessment
$669,348 CAD
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Presented by
Lone Star State Alexander Capital, LLC
Palm Aire Apartments | 6241 N 27th Ave
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